Bitcoin’s recent halving event, coupled with the introduction of spot ETFs in the US, has driven its price to around $63,500 from $27,500 a year ago. Investors anticipating this surge should now consider staggered purchases due to elevated prices. While Bitcoin benefits from limited supply and institutional interest, profit booking by long-term investors could trigger price consolidation. Geopolitical tensions and network crashes pose additional risks. Despite near-term positive triggers like institutional capital inflows and ETF launches, cautious profit-taking strategies are advisable amidst Bitcoin’s meteoric rise.
Bitcoin’s Surge: Consider Partial Profit Booking Amid Price Highs
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